{"id":57816,"date":"2017-06-14T09:53:07","date_gmt":"2017-06-14T02:53:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/bidadari-mixed-use-site-attracts-1-132-billion-top-bid\/"},"modified":"2017-06-14T09:59:41","modified_gmt":"2017-06-14T02:59:41","slug":"bidadari-mixed-use-site-attracts-1-132-billion-top-bid","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bidadari-mixed-use-site-attracts-1-132-billion-top-bid\/","title":{"rendered":"Bidadari mixed-use site attracts $1.132 billion top bid"},"content":{"rendered":"


\nSPH and Kajima Development jointly submitted the top bid of $1.132 billion for the site at Upper Serangoon Road. (Source: HDB)
\nThe highly anticipated tender for a mixed commercial and residential site in Bidadari closed on Tuesday (13 June) after attracting 12 bullish bids from property developers, revealed the Housing and Development Board (HDB).
\nSingapore Press Holdings (SPH) and Kajima Development joined forces to submit the top bid of $1.132 billion for the approximately 273,842 sq ft site. The staggering price translates to $1,181 psf per plot ratio (psf\/pr).
\nThe second-highest bid of around $1.118 billion came from Far East Civil Engineering and Sekisui House. Other bidders included big-name players such as CapitaLand, GuocoLand and Frasers Centrepoint Limited.
\nTay Huey Ying, Head of Research & Consultancy at JLL Singapore, noted that the top bid is some 50 percent higher than the $775 psf\/pr paid for the nearby The Poiz Centre and The Poiz Residences mixed-use site in August 2014.
\n\u201cThat the highest bid was submitted by a local firm should arrest some concerns that foreign players are increasingly edging out local developers in vying for development land,\u201d she said.
\nLocated at Upper Serangoon Road, the land parcel was previously scheduled to go on sale in December 2016, but was deferred to March this year to allow the site requirements for the comprehensive development to be finalised.
\nOffered on a 99-year lease, the site could yield about 825 homes. The future project will be also be integrated with a community club and neighbourhood police centre.
\nThe HDB said a decision on the award of the tender will be made after the bids have been evaluated.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Bidadari mixed-use site attracts .132 billion top bid<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SPH and Kajima Development jointly submitted the top bid of $1.132 billion for the site...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-57816","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-f2w","jetpack-related-posts":[{"id":64772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-rosier-condo-up-for-en-bloc-sale-for-s235mil\/","url_meta":{"origin":57816,"position":0},"title":"Sun Rosier condo up for en bloc sale for S$235mil","date":"August 28, 2017","format":false,"excerpt":"\r With a maximum gross floor area of 204,464 sq ft, the freehold site can yield 204 housing units with an average size of around 1,000 sq ft each. (Photo: Google Maps) The owners of the 78-unit Sun Rosier condominium in How Sun Drive have joined the collective sale bandwagon,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-woodleigh-residences-to-launch-this-weekend-from-1733-psf\/","url_meta":{"origin":57816,"position":1},"title":"The Woodleigh Residences To Launch This Weekend From $1,733 psf","date":"May 9, 2019","format":false,"excerpt":"\r Boasting Japanese designs, the 99-year leasehold project will sit atop The Woodleigh Mall and enjoy connectivity to Woodleigh MRT Station as well as an air-conditioned underground bus interchange. The Woodleigh Residences, a premium integrated development project by Japanese real estate developer Kajima Development and Singapore Press Holdings (SPH), will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67133,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/get-the-guru-view-graveyard-appreciation\/","url_meta":{"origin":57816,"position":2},"title":"Get the Guru View: Graveyard appreciation","date":"September 21, 2017","format":false,"excerpt":"\r View of Bishan Park at sunrise. Before Bidadari, there was Bishan. The small HDB estate has seen strong capital appreciation over the years. Singaporeans are hoping that the upcoming estate of Bidadari, with a similar history and city fringe location, will reap financial benefits for its residents in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/09\/Prices-and-transaction-volumes-in-Bishan-1024x272.jpg?fit=1024%2C272&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":46981,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-mixed-use-site-in-bidadari-estate\/","url_meta":{"origin":57816,"position":3},"title":"HDB launches mixed-use site in Bidadari estate","date":"March 7, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the future Bidadari estate. Image source: HDB As part of the future development of Bidadari estate, the Housing and Development Board (HDB) launched a mixed commercial and residential site at Upper Serangoon Road for sale via public tender on Monday (6 March) under the second half\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55249,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-developers-jointly-bid-over-1-billion-for-queenstown-site\/","url_meta":{"origin":57816,"position":4},"title":"Foreign developers jointly bid over $1 billion for Queenstown site","date":"May 18, 2017","format":false,"excerpt":"\r The top bid of just over $1 billion for the Stirling Road site translates to a land price of about $1,050 psf. (Photo: URA) The tender for a 2.11ha residential site at Stirling Road in Queenstown attracted substantial interest from developers, with a total of 13 bullish bids submitted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/get-the-guru-view-bidadari-from-graveyard-to-hot-property\/","url_meta":{"origin":57816,"position":5},"title":"Get the Guru View: Bidadari \u2014 From graveyard to hot property","date":"October 21, 2016","format":false,"excerpt":"\r Alkaff Vista, one of the new BTO projects in Bidadari. Source: HDB Despite a flurry of protests over the redevelopment of former cemetery Bidadari, plans\u00a0have continued rolling forward. Demand for the newly released BTOs currently exceed\u00a0supply, with plans for the estate\u2019s future an indication of the area\u2019s potential. by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/10\/GV10601.png?fit=527%2C318&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57816"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=57816"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/57816\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=57816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=57816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=57816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}